Stock market dropped

opinion The Detroit News Published 10:27 PM EST Dec 22, 2018 Barring a robust final week rally, the stock market is set to post one of its worst, if not the worst, Decembers since the Great Depression. President Donald Trump last year touted the stock market's steep run-up as a tribute to his tax cutting and deregulation policies, and he was likely right. The promise of lower taxes and less burdensome regulations buoyed investors and pushed stock prices to record levels. Now, with the markets in steady decline, the president hopes to detach the plunging performance from his policies. Instead, Trump blames the Federal Reserve, which, worried that an overheated economy might trigger inflation, has been gradually pushing up interest rates. Nice try, Mr. President. But the stock market drop rests in your lap. Small hikes in interest rates can be expected once the economy finds its vigor. The pro-growth policies put in place during Trump's first year … [Read more...] about Editorial: Stock market fall rests with Trump

Alex Veiga Associated Press Published 1:40 PM EST Nov 12, 2018 A broad sell-off in technology companies pulled U.S. stocks sharply lower Monday, knocking off more than 450 points from the Dow Jones Industrial Average. Apple, Amazon and other big names fell. Banks and consumer-focused companies and media and communications stocks also took heavy losses. Crude oil prices were headed higher, snapping a 10-day skid, after Saudi Arabia said it planned to cut its output. Keeping score: The S&P 500 index dropped 40 points, or 1.5 percent, to 2,740 as of 1:29 p.m. Eastern Time. The Dow fell 444 points, or 1.7 percent, to 25,544. It was down briefly by 509 points. The Nasdaq composite slid 172 points, or 2.3 percent, to 7,234. The tech-heavy index now has a slight loss for the year. The Russell 2000 index of smaller companies gave up 19 points, or 1.3 percent, to 1,529. Bond trading was closed for Veterans Day. The stock market was coming off a two-week winning streak for the … [Read more...] about Tech giants slide pulls US stock market sharply lower

Stan Choe Associated Press Published 10:08 p.m. UTC Aug 22, 2018 New York — Meet the generation of investors who haven’t known a bear market. The U.S. stock market has been on the upswing for nine and a half years — the longest bull market in history, as of Wednesday — during which a cohort of younger investors has never dealt with a 20 percent drop in the S&P 500 — the classic definition of a bear market. Such a decline has historically happened on average every four or five years. That’s nice for these 20- and 30-somethings, and their retirement accounts, but it raises the question: What will they do when the next downturn inevitably arrives? How they respond will be crucial because this generation bears a heavier responsibility for paying for their own retirement, as pensions go extinct and Social Security’s finances weaken. Few analysts are predicting an imminent downturn for the S&P 500, which climbed Wednesday to a new … [Read more...] about For many young investors, stock market’s only gone up

Stan Choe Associated Press Published 11:54 p.m. UTC Jul 19, 2018 New York – The current bull market in stocks is a month or so away from becoming the longest in history. If it happens, then what? Many along Wall Street expect the rally that began in March 2009 to eclipse the 1990-2000 run that ended with the dot-com crash. But a growing number of experts are questioning whether the stock market’s run will keep going through 2019 and beyond. The big threat now is the potential for a punishing trade war, as the United States squabbles with allies and rivals alike on tariffs. That could squeeze earnings and economic growth around the world. Beyond that, several firmer warning signals for the market are flashing yellow. Here’s a look at some of them: The yield curve This is a somewhat inscrutable signal, hidden in the recesses of the bond market, but it’s been an accurate one. When yields for long-term bonds drop lower than yields for short-term bonds, … [Read more...] about Warnings rise for stock market’s record-setting run

Associated Press Published 5:35 p.m. UTC Jun 19, 2018 New York – Global stock markets skidded Tuesday after President Donald Trump threatened to put tariffs on another $200 billion in imports from China, and the Chinese government said it would retaliate, bringing tensions between the world’s two largest economies closer to a boil. The Dow Jones industrial average lost 292 points, or 1.2 percent. Major stock indexes in Asia and Europe also took sharp losses. The Hang Seng index in Hong Kong lost 2.8 percent. Trump’s new proposal comes days after he ordered a 25 percent tax on up to $50 billion in imports from China. Beijing matched that total with a tax on U.S. goods. Those tariffs won’t take effect until July 6, which leaves the countries more time to negotiate. Trump is now threatening a 10 percent tariff on another $200 billion in goods. Beijing said it would respond with “comprehensive measures” if that happens. China doesn’t import … [Read more...] about Fresh US-China trade threats sink global stock markets